Standard Life Investments Property
Income Trust Limited
(an authorised closed-ended investment company incorporated in
Guernsey with registration number 41352)
(the “Company”)
LEI Number
594300HHFBWZRKC7RW84
14 June 2019
Result of Annual
General Meeting
At the Annual General Meeting (the “AGM”) of the Company held on
13 June 2019, all the resolutions as
set out in the AGM Notice dated 17 April
2019 and sent to shareholders were duly passed.
Details of the proxy voting results which should be read
alongside the Notice are noted below:
Ordinary Resolution |
For |
Discretion
(voted in favour) |
Against |
Abstain |
1 |
149,973,001 |
68,816 |
27,649 |
233,934 |
2 |
149,916,057 |
68,816 |
291,141 |
4,101 |
3 |
148,510,236 |
68,816 |
277,007 |
1,447,342 |
4 |
150,214,585 |
68,816 |
20,000 |
0 |
5 |
150,131,205 |
68,816 |
84,391 |
18,989 |
6 |
150,100,535 |
68,816 |
95,338 |
38,712 |
7 |
149,978,689 |
70,716 |
251,695 |
2,301 |
8 |
150,043,521 |
70,716 |
175,033 |
14,131 |
9 |
149,987,539 |
70,716 |
231,014 |
14,131 |
10 |
149,833,356 |
70,716 |
385,197 |
14,131 |
11 |
149,999,983 |
70,716 |
218,571 |
14,131 |
Special
Resolution |
For |
Discretion
(voted in favour) |
Against |
Abstain |
12 |
150,001,596 |
78,816 |
150,437 |
72,552 |
13 |
138,791,993 |
78,816 |
11,432,591 |
0 |
Note - A vote withheld is not a vote in law
and has not been counted in the votes for and against a
resolution.
SPECIAL RESOLUTION – SHARE BUYBACK
To authorise the Company, in accordance with The Companies
(Guernsey) Law, 2008, as amended to make market acquisitions of its
own shares of 1 pence each (either
for retention as treasury shares for future resale or transfer or
cancellation) provided that:
a. the maximum number of Ordinary Shares hereby authorised
to be purchased shall be 14.99 per cent of the issued Ordinary
Shares on the date on which this resolution is passed;
b. the minimum price which may be paid for an Ordinary Share
shall be 1p;
c. the maximum price (exclusive of expenses) which may be
paid for an ordinary share shall be the higher of (i) 105 per cent
of the average of the middle market quotations (as derived from the
Daily Official List) for the ordinary shares for the five business
days immediately preceding the date of acquisition and (ii) the
higher of the last independent trade and the highest current
independent bid on the trading venue on which the purchase is
carried out; and
d. unless previously varied, revoked or renewed, the authority
hereby conferred shall expire on 13 December
2020 or, if earlier, at the conclusion of the Annual General
Meeting of the Company to be held in 2020, save that the Company
may, prior to such expiry, enter into a contract to acquire
ordinary shares under such authority and may make an acquisition of
ordinary shares pursuant to any such contract.
SPECIAL RESOLUTION – pre-emption
rights:
That the Directors of the Company be and they are hereby
generally empowered, to allot ordinary shares in the Company or
grant rights to subscribe for, or to convert securities into,
ordinary shares in the Company (“equity securities”) for cash,
including by way of a sale of ordinary shares held by the Company
as treasury shares, as if any pre-emption rights in relation to the
issue of shares as set out in the listing rules made by the
Financial Services Authority under Part VI of the Financial
Services and Markets Act 2000, as amended, did not apply to any
such allotment of equity securities, provided that this power:
a. expires at the conclusion of the next Annual
General Meeting of the Company after the passing of this resolution
or on the expiry of 15 months from the passing of this resolution,
whichever is the earlier, save that the Company may, before such
expiry, make an offer or agreement which would or might require
equity securities to be allotted after such expiry and the
Directors may allot equity securities in pursuance of any such
offer or agreement as if the power conferred hereby had not
expired; and
b. shall be limited to the allotment of equity securities
up to an aggregate nominal value of £405,865 being approximately 10
per cent of the nominal value of the issued share capital of the
Company, as at 17 April 2019.
In accordance with Listing Rule 9.6.3, a copy of the Special
Resolutions will be submitted to the National Storage Mechanism and
will shortly be available for inspection at:
www.morningstar.co.uk/uk/NSM.
Enquiries:
Northern Trust International Fund
Administration Services (Guernsey) Limited
The Company Secretary
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481 745001
Fax: 01481 745051